09:08 Gapping Down:
In reaction to disappointing earnings/guidance: DSW -10.6%, BCSI -9.7%, SBLK -7.8%, TIVO -2.9%, COST -2.7%... Other news: TEX -6.2% (announced that it is seeking ~$600 mln in new financing) LEAP -5.9% (announces 7 mln shares common stock offering), TTWO -4.6% (to offer $100 mln of convertible senior notes), CIM -4.1% (announces pricing of common stock offering at $3.22 per share), MDVN -3.9% (prices offering of 2.75 mln common shares at $21.00 per share)... Analyst comments: JWN -4.4% (downgraded to Neutral from Outperform at Credit Suisse), SKS -3.7% (downgraded to Underperform from Neutral), CAT -1.7% (downgraded at UBS to Sell from Neutral).
"2 Mice" Galaxies Pulling One Another Apart